Summit Global Investments lessened its holdings in shares of Robert Half International Inc. (NYSE:RHI) by 49.9% during the 2nd quarter, Holdings Channel.com reports. The fund owned 140,001 shares of the business services provider’s stock after selling 139,291 shares during the period. Summit Global Investments’ holdings in Robert Half International were worth $7,981,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Anderson Fisher LLC bought a new position in Robert Half International during the first quarter valued at approximately $38,000. CSat Investment Advisory L.P. raised its position in Robert Half International by 79.1% during the second quarter. CSat Investment Advisory L.P. now owns 1,037 shares of the business services provider’s stock valued at $60,000 after acquiring an additional 458 shares in the last quarter. Thor Advisors LLC bought a new position in Robert Half International during the first quarter valued at approximately $72,000. NEXT Financial Group Inc bought a new position in Robert Half International during the second quarter valued at approximately $86,000. Finally, Commonwealth Bank of Australia raised its position in Robert Half International by 19.9% during the second quarter. Commonwealth Bank of Australia now owns 1,559 shares of the business services provider’s stock valued at $88,000 after acquiring an additional 259 shares in the last quarter. 95.07% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts recently weighed in on RHI shares. Zacks Investment Research lowered shares of Robert Half International from a “hold” rating to a “sell” rating and set a $66.00 price objective on the stock. in a research report on Thursday, July 25th. Nomura raised their price objective on shares of Robert Half International from $69.00 to $72.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. William Blair reaffirmed a “market perform” rating on shares of Robert Half International in a research report on Friday, September 20th. Finally, BMO Capital Markets raised their price objective on shares of Robert Half International from $62.00 to $64.00 and gave the company a “market perform” rating in a research report on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $68.86.
Robert Half International (NYSE:RHI) last released its quarterly earnings results on Tuesday, July 23rd. The business services provider reported $0.98 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.98. Robert Half International had a net margin of 7.64% and a return on equity of 41.46%. The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same quarter last year, the firm posted $0.89 earnings per share. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. On average, analysts forecast that Robert Half International Inc. will post 3.94 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 23rd were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date was Thursday, August 22nd. Robert Half International’s dividend payout ratio is 34.35%.
About Robert Half International
Robert Half International Inc provides staffing and risk consulting services in North America, South America, Europe, Asia, and Australia. The company operates through three segments: Temporary and Consultant Staffing, Permanent Placement Staffing, and Risk Consulting and Internal Audit Services. It places temporary personnel for accounting, finance, and bookkeeping; temporary and full-time office and administrative personnel consisting of executive and administrative assistants, receptionists, and customer service representatives; full-time accounting, financial, tax, and accounting operations personnel; and information technology contract consultants and full-time employees in the areas of platform systems integration to end-user technical and desktop support, including specialists in application development, networking, systems integration and deployment, database design and administration, and security and business continuity.
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